EagleFXPortfolio

To some EagleFXPortfolio will seem like an opportunity to win big and prosper quickly. To us, we think that EagleFXPortfolio vies these traders as an opportunity to get a hold of easy money and get away easily with crime. Although, sadly, the latter may be true, we can, nonetheless, try to deter users away from this broker, because EagleFXPortfolio is essentially a very typical FX scam.

The first thing we read about the broker is that it is registered in the Commonwealth of Dominica, a country that has never had an FX regulator. This creates an issue for the broker, because it can claim all it wants that it is registered in Dominica, but the reality is that a registration without a license is useless. The Commonwealth does not have an FX licensor, and therefore even if the broker is incorporated there, it definitely is not regulated.

Moreover, we read the following statement in the footer,

“This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.”

If ever there was a typical statement issued by a huge chunk of all scammer brokers, it's this. It is both creatively uninformative, and just vague enough to both confuse and relieve more inexperienced users. Exactly the state of mind that scammer brokers best like their users in!

All in all, EagleFXPortfolio is without a license and is a huge risk to all clients.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

There was no need to confirm our identity nor our email address whiles creating an account. The easy registration process was over as soon as it began.

We entered a simple user area, and quickly came to learn that there was no trading software available to clients. That's right, all the promoted spreads, assets, and leverages are utterly useless as trading conditions.

EAGLEFXPORTFOLIO LOGIN

No trading software, first and foremost means that EagleFXPortfolio cannot be labeled in any way as a broker. The fact that the company is also unregulated further distances it from this status.

However, let us explain how we came to the conclusion. It's quite simply, really. The users area offers a couple of third party charts that replace the trading software and act as visual que and not a surrogate to the software. Users cannot trade on them, nor can they interact with them in any way.

Moreover, the user area had a dedicated crypto buying option sub-area that more of a money-losing thing, than anything else. We do not recommend buying anything off of it.

EAGLEFXPORTFOLIO MINIMUM DEPOSIT

According to the user area, the payment methods are PayPal, Skrill, WesterUnion, BTC, and ETH wallets. However, in order to deposit by means of the e-wallets, the client must first contact support to confirm his or her order, which basically translates to crypto-only deposits. All crypto assets sent to unregulated brokers are untraceable and therefore lost entirely.

The minimum deposit is $100.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

EAGLEFXPORTFOLIO WITHDRAW TIME AND FEES

We don't believe that withdrawals will be processed by the broker. This is a scam after all!

Nonetheless, let's see what the user area says: Withdrawals are made by means of bank transfer, BTC, and PayPal.

There is no further withdrawal info on site or client portal. And we don't need it; let it keep its secrets and let users keep their investments away form this fraudulent scheme.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

As a conclusion, we would like, once again, to state the obvious: EagleFXPortfolio is not licensed and is a risk to all investors and their money. Do not go on wasting your time and money with this entity.